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PSG prepare big money offer for Arsenal transfer target Julian Draxler

With the summer transfer window upon us, rumours are picking up steam. Transfer Talk has its finger on the pulse when it comes to the latest gossip. Follow our live blog below and see the latest deals here.

TOP STORY: PSG to pip Arsenal for German superstar

Arsenal are set to be disappointed in the market once again with Julian Draxler -- a player they have been linked with for some years -- set to accept a huge offer from Paris Saint-Germain, according to the Sunday People.

The Gunners have long been connected with the Wolfsburg forward, but the French champions appear ready to unsettle Die Wolfe's stance that the 22-year-old will not move this summer.

Having joined Wolfsburg from Schalke only a year ago for £28.9 million, coupled with the remarkable fees being chucked around by Premier League clubs this summer, Draxler could be as expensive as any player not named Gonzalo Higuain or Paul Pogba.

LIVE BLOG

23.04 BST: And that brings Sunday's live edition of Transfer Talk to a close. Thanks very much for joining us, and please check back in a few short hours when we return with the best rumours plucked from Monday's morning papers.

22.51 BST: Arsenal manager Arsene Wenger addressed his club's quiet transfer window thus far after Sunday's loss to Liverpool, saying any new addition "has to make sense and to be quality," adding: "There are many reasons [for the Liverpool result] that you have to analyse well, but it is as well not to panic.

"I've said many times we are working very hard to get one or two players in."

22.18 BST: As new Inter manager Frank de Boer reimagines his midfield, the Dutch boss has identified Wolfsburg destroyer and Brazil international Luiz Gustavo as a top priority, according to Gazzetta dello Sport. Liverpool's Lucas Leiva and Marseille's Lassana Diarra are also being considered.

21.44 BST: Aston Villa chairman Tony Xia has confirmed that his club are on the verge of completing a deal for Crystal Palace midfielder Mile Jedinak, reports journalist Peter O'Rourke.

21.10 BST: Ligue 1 side Rennes have emerged as a potential destination for Real Madrid's teenage sensation Martin Odegaard on a season-long loan, reports French outlet L'Equipe.

20.37 BST: Manchester City are in "advanced negotiations" with Barcelona over goalkeeper Claudio Bravo, the Manchester Evening News reports. The Chilean has a buyout clause of €42m, but the English outlet reports that Pep Guardiola's side are expected to get their man for somewhere around half that amount.

20.05 BST: Chelsea wide man Kenedy is on the verge of a season-long loan at Watford, according to Sky Sports.

19.31 BST: Juventus' busy summer is set to continue as the Bianconeri look to further augment their Paul Pogba-less midfield with the pursuit of Inter Milan midfielder Marcelo Brozovic, according to Gazzetta dello Sport. The club is also monitoring Zenit St Petersburg's Axel Witsel and Paris Saint-Germain's Blaise Matuidi, but their pursuit of Chelsea's Nemanja Matic has reportedly come to an end.

19.00 BST: Newcastle are set to send Henri Saivet on loan to Saint-Etienne, with the Tyneside club covering a portion of the Frenchman's wages, reports the Newcastle Chronicle.

18.22 BST: Watford midfielder Mario Suarez did not feature in the Hornets' 18-man squad in their draw at Southampton on Saturday, and after making just eight starts after joining the club from Fiorentina last January, the Spaniard is now expected to join Valencia, the Watford Observer writes.

17.48 BST: Sassuolo have joined Besiktas, Ajax and Napoli in turning down Liverpool's offer to sign Mario Balotelli, according to Gazzetta dello Sport. Chievo remain the only club reportedly interested in the Inter Milan youth graduate, who has been told does not feature in Reds boss Jurgen Klopp's plans.

17.15 BST: Firoentina striker Nikola Kalinic looks set to stay in Florence despite a €25m bikd from Everton, reports Gianluca Di Marzio. The Italian side are uninterested in offloading the Croatian international for anything less than £35m, and the Toffees have reportedly moved on.

16.31 BST: DONE DEAL Eintracht Frankfurt have confirmed the signing of Chelsea's Michael Hector on a season-long loan. "Frankfurt is a cool city, the first impressions are very good," he told the club's official website. "I am very excited about the new job and I cannot wait., I hope for a successful time here."

15.43 BST: Wolfsburg chief Klaus Allofs says it is too early to be confident that Simeone Zaza will join the club from Juventus in a €25 million deal, despite the player visiting the Bundesliga club. He told kicker: "It's true, the player was there yesterday and we had a good discussion, but it's not done yet. It's not just what the player wants, either. Contract details and the transfer fee are all to be clarified."

15.15 BST: Sport is reporting that Man City have agreed personal terms with Barcelona goalkeeper Claudio Bravo. Could it be the end for Joe Hart at Man City?

14.37 BST: Manchester United manager Jose Mourinho said Juan Mata has a future at the club after picking the Spaniard to start their opening Premier League game of the season at Bournemouth on Sunday. Mata repaid his manager's faith in him by putting Man United in front in the 40th minute.

14.01 BST: Has UFC champion Conor McGregor let the cat out of the bag that Cristiano Ronaldo has signed a new contract at Real Madrid? Asked if he could become the highest-paid sports star in the world, he said: "That'll be tough, he's just signed a new contract with Real Madrid but we'll see, maybe next year I'll have him!"

13.26 BST: Tony Pulis has urged West Brom to capitalise on the opportunity presented by their recent takeover. "The club has had, and still has, a lot of players who have been here for a long time,'' Pulis said. "They've been fantastic players, fantastic servants, but they need competition, they need people who can play in that team and want to be in that team. That's what this club needs."

12.56 BST: Juventus general director Giuseppe Marotta has confirmed that the club are interested in signing midfielder Rodrigo Bentancur from Boca Juniors.

12.31 BST: Valencia president Layhoon Chan says that striker Paco Alcacer is not for sale despite interest from Barcelona. Chan said: "If there are any doubts, let me make it clear -- Alcacer is a Valencia player and we don't want to sell him."

11.54 BST: Lautaro Martinez of Racing Club says Real Madrid and Valencia are interested in signing him, but he does not want to leave Argentina for Europe just yet.

11.29 BST: Sources are telling us that Yannick Bolasie has travelled to Everton today for a medical ahead of his move from Crystal Palace. He is expected to sign for Ronald Koeman's team on Monday.

11.06 BST: Manchester United manager Jose Mourinho wants Memphis Depay to stay at the club and has reassured the Dutchman that he still believes in him.

10.41 BST: Bournemouth are lining up a move for unsettled Stoke City defender Marc Wilson, sources have told ESPN FC.

10.20 BST: Liverpool manager Jurgen Klopp has rejected the opportunity to be drawn into a war of words with Jose Mourinho over spending power. "I'm absolutely not interested in what other clubs are doing, there's completely no point," the German said.

09.53 BST: Could David Alaba be headed for Real Madrid? According to AS the Spanish giants are trying their best to get him to the Bernabeu, with Bayern Munich rejecting a bid of €65 million.

09.27 BST: There's trouble brewing at Championship club Sheffield Wednesday with star striker Fernando Forestieri refusing to play in Saturday's game at Norwich amid interest from other clubs, including Derby and Newcastle. Manager Carlos Carvalhal said: "It is not a problem for me because Fernando is under contract at this club and the chairman has said he will not be selling anyone."

09.00 BST: Welcome to Sunday's live blog of all the transfer rumours. We'll keep you up to date with all the speculation. 

PAPER ROUND

Everton turn to Valencia centre-back as Kone deal stalls

Valencia centre-back Aymen Abdennour could be ready to move to Merseyside, as Everton begin to splash the rest of their John Stones cash.

Los Che want rid of the powerful defender and the Sunday People report that the Toffees could step in with a £14.5m bid that will also include obligatory add-ons, rather than pursue Lamine Kone after being put off by Sunderland's £20m asking price.

Will Valencia's Aymen Abdennour take John Stones' place in the Everton back line this season?

With Ashley Williams now on board, Ronald Koeman is clearly itching to revamp Roberto Martinez's old squad. Abdennour could arrive on Monday to accelerate the deal.

Newcastle join Derby in the hunt for Forestieri

Sheffield Wednesday appear set for a late transfer saga after Argentine striker Fernando Forestieri -- one of the Championship's most outstanding talents -- reportedly refused to play in the Owls' 0-0 draw with Norwich City.

Amid interest from Derby, who tested the water with a £7m bid that was swiftly knocked back by Wednesday, Newcastle appear ready to join the chase in a bid to damage the promotion chasers' hopes of going up.

The Derby Telegraph insist that the Rams are still keen on the 26-year-old, with a second bid possible soon as they attempt to acquire the support striker, whose 15 goals and seven assists brought Wednesday to the brink of promotion last term.

Roma in race against time to land Torino star

It's been a summer of upheaval in Rome with the Giallorossi suffering heartbreak as Juventus plucked superstar midfielder Miralem Pjanic away, though rejecting offers for Radja Nainggolan has certainly provided a boost.

Now, the Lupi's season will hinge on their Champions League playoff against Porto, and manager Luciano Spalletti is keen to bring Torino's Bruno Peres in ahead of the two-legged tie.

Gazzetta dello Sport say Roma, who have bid €17m, are getting close to the €20m asking price that's been set for one of Serie A's finest right-backs. Roma would ideally want a deal to be done by Aug. 16 so Peres could line up against Porto in European competition.

Tap-ins

- Hull pulled off a minor miracle with victory on the opening day of the Premier League campaign against reigning champions Leicester, but their squad is thread bare, and they simply cannot afford to lose any more players.

The Tigers will have to brace themselves though, as West Brom -- who are preparing for the imminent departure of Saido Berahino -- have earmarked Uruguayan striker Abel Hernandez as a replacement to play alongside Salomon Rondon.

- Spurs have had a low key market so far, with Mauricio Pochettino merely picking up several squad players, and the North London club appear to be continuing along on their smart-spending path.

The Sun say Spurs will look to prise away one of the stars of the future in Fulham's Ryan Sessegnon for as little as £3m, as the 16-year-old left-back has only played one senior game.

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